Top Cars getting Top Prices...others not so much...

[Joehand1]

http://www.bloomberg.com/news/2011-...7-million-auctions-as-other-prices-stall.html

 

[2112]

Some of the F-cars are getting crazy money. Kinda like the Monet or Van Gogh that gets $80-$100 million.

Hard to comprehend those #s.

 

[HHGT]

In a market where traditional investments become less desirable, investors turn to exclusive and rare automobiles and rare artwork to park their investment dollars.

 

[djs]

"Gooding raised $10.3 million, a record for an American car at auction, for a bespoke 1931 Duesenberg Model J Coupe. . It had changed hands for $2.5 million in a private transaction three years ago, according to dealers."

4X the $$ in 3 yrs? Look, Im a Duesie fan, but $10MM? Unbelievable...